Taking A Cooperative Approach To Your Legal Issues
Once a year every year, most people have to file income taxes. However, many do not. As a result, many of these people will face penalties on top of the tax they owe. The big question is, why do so many people fail to file their taxes? There are many reasons that...
If you haven’t paid taxes in years, you could owe an incredible amount of back taxes that may not actually be affordable to you. This often concerns people because they’re worried about how they’re supposed to come up with this much money and what the government is...
The Corporate Transparency Act (“CTA”) passed by Congress in January of 2021, will add yet another disclosure filing requirement for small businesses. The Financial Crimes Enforcement Network, also known as FinCEN, which processes FBAR filings, is now tasked with...
You worked for other companies for a number of years. While this helped you to acquire a number of skills and contacts, you’ve always wanted to go it alone. Consequently, you set up a small business. Being your own boss comes with a number of advantages, but it also...
Running your own business can be profitable and extremely rewarding. Nonetheless, it also comes with big responsibilities. One of your main legal duties will be to pay your tax contributions when required to do so. A willful failure to honor your tax obligations...
The Internal Revenue Service (IRS) enforces the tax code in part by reviewing individual returns, performing audits and pursuing collection activity when necessary. The IRS even has the authority to recommend criminal proceedings against those who have engaged in tax...
From keeping tabs on your inventory to marketing, managing your workforce and ensuring compliance with applicable laws, running a business comes with tons of responsibilities. It is not surprising that most small-business owners do not pay much attention to business...
Payroll processing is one of the core responsibilities that come with owning a business. And the most important aspect of payroll processing is accuracy. After all, inaccurate payroll processing can lead to significant losses to your business. Worst of all, it can...
The property that you have purchased and accumulated throughout your life will become your estate when you die. Your estate, in turn, will significantly impact how people remember you. The instructions you provide in your will or trust documents will help your loved...
The IRS issues a “dirty dozen” list each year. The list is comprised of twelve common scams the IRS wants to warn the public about. This year’s list includes: Hidden offshore accounts and digital assets The U.S. requires its citizens to report income from any source...
